Market data vendor and technology startup Databento has boosted its fundraising to US$30 million with a recent $10m capital boost from investors including Belvedere Trading, Clear Street and Lightscape Partners.
Databento builds APIs to better serve financial institutions with high-fidelity market data. The pay-as-you-go service enables clients to select data distributed from almost 50 exchanges worldwide in more than a dozen formats.
The Salt Lake City, Utah-based company said the new finance would be used to enhance its offering by extending the historical and geographical coverage of the data it feeds to clients.
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